EUR/JPY Drops to Near 182.00 as Bearish Signals Persist
EUR/JPY retreated to around 182.10 during Thursday’s Asian session, erasing two days of gains as the pair remains below key moving averages, reinforcing a near-term bearish outlook.
EURJPY
The euro fell against the yen on Thursday, trading near 182.10 after a two-day rebound stalled. The cross failed to reclaim the nine-day and 50-day exponential moving averages, which now act as resistance.
Market participants noted that the sustained position below these technical levels keeps the short-term bias tilted to the downside. A break below the 182.00 handle could accelerate losses.
Any recovery would need to clear the moving averages to shift momentum, but for now the bearish near-term outlook remains intact.
Source: FXStreet Forex News